Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC decreased its stake in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,424 shares of the company’s stock after selling 1,407 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $1,375,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VTEB. Life Planning Partners Inc grew its position in shares of Vanguard Tax-Exempt Bond ETF by 3,575.6% in the fourth quarter. Life Planning Partners Inc now owns 1,387,949 shares of the company’s stock valued at $69,578,000 after purchasing an additional 1,350,188 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Vanguard Tax-Exempt Bond ETF by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,676,296 shares of the company’s stock valued at $1,638,063,000 after purchasing an additional 1,116,602 shares during the period. Franklin Resources Inc. boosted its position in Vanguard Tax-Exempt Bond ETF by 18.2% during the third quarter. Franklin Resources Inc. now owns 5,322,215 shares of the company’s stock worth $269,411,000 after acquiring an additional 818,486 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Vanguard Tax-Exempt Bond ETF by 19.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,442,958 shares of the company’s stock worth $172,596,000 after acquiring an additional 570,671 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Vanguard Tax-Exempt Bond ETF by 35.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,041,612 shares of the company’s stock worth $104,367,000 after acquiring an additional 535,526 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

VTEB opened at $50.23 on Thursday. Vanguard Tax-Exempt Bond ETF has a twelve month low of $49.49 and a twelve month high of $51.17. The firm’s 50-day moving average price is $50.13 and its 200 day moving average price is $50.49.

Vanguard Tax-Exempt Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were given a dividend of $0.1317 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from Vanguard Tax-Exempt Bond ETF’s previous dividend of $0.13.

Vanguard Tax-Exempt Bond ETF Company Profile

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.